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Property profile & analytics
OFF-MARKET
Estimated value
$10,295,000
Warehouses
23371 Aurora Rd Bedford Heights, OH 44146-1783
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2125457
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
TYPE NOT SPECIFIED
Total area
309,870 SF
Lot
12.44 ac (541,929 SF)
Zoning code
I
APN
791-11-015
UPID
US66-2125457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.51M
Blend (final)
Blend
$10.30M
Owner & transaction history
Aurora Road Bedford LLC · 11 yrs held
Aurora Road Bedford LLC
since 2015
7 recorded transactions
Zoning & alternative use
I · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.30M
Range $9.27M – $11.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$201,577
Tax year 2023
Assessed value
$1,939,000
Assessed 2023
Previous assessed
$1,939,000
+0.0% YoY
Effective rate
10.40%
On assessed value
Assessed land
$287,350
Assessed improvement
$1,651,650
Land market value
$821,000
Improvement market value
$4,719,000
Total market value
$5,540,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
309,870 SF
Lot
12.44 ac (541,929 SF)
Zoning code
I
APN
791-11-015
UPID
US66-2125457
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Bedford Heights, OH
Zoning I · permitted uses
I · Bedford Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
12.44 ac
Current owner
From public records · entity-resolved
Aurora Road Bedford LLC
Entity
Mailing address
4760 RICHMOND RD, CLEVELAND, OH 44128-5978
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2017
—
23371 Aurora Road Bedford LLC
—
Grant Deed
related
$22,725,000 · Huntington Nat'l Bk
Apr 2, 2015
$10,000
Aurora Road Bedford LLC
Halex Of Scott Fetzer Co
Quit Claim Deed
related
—
Aug 29, 2014
—
Apc Bedford Heights II LLC
Apc Bedford Heights LLC
Quit Claim Deed
related
$7,000,000 · Huntington Nat'l Bk
Mar 13, 2009
—
Aurora 23371 LLC
Bedford Heights LLC
Quit Claim Deed
related
—
Dec 15, 2004
—
Jes Bedford Heights LLC
Shaffer,john E & Kate
Quit Claim Deed
$5,500,000 · Prudential Mortgage Capital Co
Sep 26, 2002
$46,000
William P Colson
Hsa Commercial INC
Quit Claim Deed
related
—
Sep 26, 2002
—
Hsa Commercial INC
Bedford Heights LLC
Quit Claim Deed
related
—
Apr 11, 2002
—
Pielet Trust
Van Zandt,j M
Quit Claim Deed
related
—
Dec 31, 2001
—
Carl M Manofsky
Bedford Heights LLC
Quit Claim Deed
related
—
Dec 31, 2001
$50,000
William P Colson
Manofsky,carl M
Quit Claim Deed
related
—
Dec 31, 2001
$25,000
William P Colson
Hsa Commercial INC
Quit Claim Deed
related
—
Dec 31, 2001
$100,000
William P Colson
Luby Trust
Quit Claim Deed
related
—
Dec 31, 2001
$37,500
William P Colson
Pielet Trust
Quit Claim Deed
related
—
Apr 10, 1998
—
Collins,e T
Bedford Heights LLC
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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